Allianz Life Insurance Company of North America has combined the operations of 2 retail broker-dealer subsidiaries.

The USAllianz Securities unit and Questar Capital Corp., Ann Arbor, Mich., a unit acquired in November 2005, now will operate from offices in Golden Valley, Minn., under the Questar Capital name, according to Allianz Life, Minneapolis, a unit of Allianz A.G., Munich.

Michael Jorgensen, president of USAllianz, will become president of Questar, Allianz Life says.

Questar Asset Management operations will stay in Ann Arbor.

The combined broker-dealer has ties with 1,000 registered representatives and 250,000 clients, Allianz Life says.